LMP Capital and Income Fund Inc. (NYSE:SCD – Get Free Report) announced a monthly dividend on Thursday, November 20th. Investors of record on Friday, January 23rd will be given a dividend of 0.12 per share by the real estate investment trust on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Friday, January 23rd.
LMP Capital and Income Fund Trading Down 1.3%
SCD opened at $15.22 on Wednesday. The business’s 50-day simple moving average is $14.82 and its 200 day simple moving average is $15.15. LMP Capital and Income Fund has a 52-week low of $13.35 and a 52-week high of $17.80.
Institutional Investors Weigh In On LMP Capital and Income Fund
A number of institutional investors and hedge funds have recently made changes to their positions in SCD. Truist Financial Corp bought a new position in shares of LMP Capital and Income Fund in the third quarter valued at $224,000. Mercer Global Advisors Inc. ADV bought a new stake in LMP Capital and Income Fund during the third quarter worth $251,000. Shaker Financial Services LLC acquired a new stake in LMP Capital and Income Fund in the third quarter valued at $297,000. Invesco Ltd. lifted its stake in LMP Capital and Income Fund by 87.0% in the second quarter. Invesco Ltd. now owns 25,044 shares of the real estate investment trust’s stock valued at $391,000 after acquiring an additional 11,653 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of LMP Capital and Income Fund in the 3rd quarter valued at about $397,000.
About LMP Capital and Income Fund
LMP Capital & Income Fund (NYSE:SCD) is a diversified, closed-end management investment company organized as a Maryland corporation. The fund’s primary objective is to deliver total return through current income and capital appreciation. It is listed on the New York Stock Exchange and serves a broad base of retail and institutional investors seeking exposure to a mix of equity and income-producing assets.
The fund pursues its objective by investing predominantly in common stocks, debt securities and convertible instruments issued by U.S.
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